The midland journal. (Rising Sun, Md.) 1885-1947, 1887-12-02

/
preparations for the presidential can
vass of 1888. The time and place fol
holding convention to nomin ate
candidates fer President and Vice
President was to be named and al
necessary organization arranged for
looking to the prosecution OF a Wig
orous canvass. They set their stake
at 100000 votes. If they reach the
single million there will be an alarm
ing shaking up of the old parties.
A new invoice of over coats direct
from tho New York markets just ar
rived at 4. r. Butlington's.
The Free Methodist, q branch Of
that denomination are holding pro-
tracted meetings at Leeds. This as.
sociation of christians enforce severe
austerity, getting back to primitive
times as near as possible. No per-
son is admitted to membership who
uses tobacco, or who belong to Sc
cret societies. No musical instru-
ment, or choir is allowed in the
church, but congregational singing
takes the place Of those improved
methods of modern times. People
have many notions of what consti-
tutes religion. and some Of them are
very whimsical. The exclusion Of
tobacco IS a commendable feature.
Cleanliness being accounted next to
goodness.
Hamilton's oysters are right from
the shell.
The business of the P. & B. G. di.
vis:on.of the Penasyl; AHA Il. r has so
increased within the past year chat
the company are compelled to put
in two sidetracks at Rising Sun and
one at Colora. One of the side
tracks at the Sun will be placed on
the north side of the main track inn
mediately below the depot, and the
other west Of the culvert or bridge
over the ravine two hundred yards
below the depot. This track, will be
thousand feet long. An addition
al side track is needed at Noting
ham which will also be built we afe
informed. $50
A new line CT ladies' caps at W.
j. Ankrim's. :.
The Mutual Building Association
Of Elkton has just issued it's 10th
annual report. This Association il
run on the series plan and may be
made perpetual If desired. A new
series of stock is issued every year
The Democrat in commenting on the
report says: "The Association at
the end of the yesr had loans out
standing on mortgages and stock to
the amount eff S55, 800, of which $11
$50 was loaned during the year
This money is loaned in most instan
ces to persons who are, by means Of
the monthly payments generally but
little more than an average remit
enabled in a few years to become
owners of their homes free Of debt
In the end it will be found that the
money has cost the borrower but
about S per cent. with the privilege
of paying it off in easy installmenti
monthly.
The Association is also an admir-
able savings bank, as it receives any
sums, from one dollar upwards, and
lpays liberal interest from the be.
binning The savings may be with
drawn at any time. with interest; or,
if allowed to run until maturity oil
the stock. will net profit of nearly
ten per cent to the investor" ).
There ia just little conflict in this
statement, 'that the money has cost
the borrower but about 5rer cent"
If these savings are "allowed TO run
until maturity of the stock, will mel
a profit of nearly 10 per cent to the
investor"
There are but two parties to this
transaction; one borrower and the
other a lender, yet the "borrowel
pays but about per cent" and the
lender twill net a profit OF nearly IL
per cent" Where does the extra
per cent come from? If the one re
ceives the other pays 1t 40 sure 81
two and two mako HOur